Business | General

Depa subsidiarywins $50m contract in Morocco

Second order at Mazagan Resort marks DepaMar's largest project in country

  • Staff Report
  • Published: 23:04 February 24, 2009
  • Gulf News

Dubai: Depa Limited, one of the largest providers of interior contracting services worldwide, has announced that its Moroccan subsidiary DepaMar has been awarded a $50-million (Dh183 million) order by Kerzner International Developments at the Maz-agan Resort villas in El Jadida, on Morocco's Atlantic coast.

Yesterday's announcement marks the second contract for DepaMar at Mazagan Resort, having been previously awarded the fit-out works for the resort's five-star hotel, golf club house, entertainment centre and the health club and spa in July 2007.

The project is now Depa-Mar's largest project to date in Morocco, totalling $93 million (Dh341 million) and is due for completion by June 2010.

"This is our second order for the Mazagan Resort and further strengthens our position in Morocco, which is a key market for us and fits with our wider strategy of geographical diversification that we have undertaken over the last few years," said Mohannad Sweid, CEO of Depa.

"We are delighted to be awarded this [contract] by Kerzner International Developments, with whom we have an excellent working relationship, following the successful completion of Atlantis The Palm in September last year. This is yet another example of how our track record of delivering high-quality work to clients on time and on budget continues to win us prestigious projects."

The projects Depa has won are part of the first phase of Mazagan Resort, which will include a five-star hotel, an entertainment centre, numerous fine dining restaurants, retail shops, a health spa and an 18-hole golf course and club house.

DepaMar was established in 2006 to maximise the extensive opportunities for interior works in Morocco as part of Depa's geographical expansion strategy.

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